Where should I setup a bank account in Montevideo?

"Expats considering retirement in Montevideo should be aware that the cost of living is relatively high compared to other South American countries, but still lower than in North America or Western Europe. The official language is Spanish, so it would be beneficial to learn the language or at least basic phrases. Uruguay has a stable economy and political climate, making it a safe choice for retirement. The healthcare system in Uruguay is of high quality and affordable, with both public and private options available. Montevideo has a mild climate with warm summers and cool winters, and it is known for its beautiful beaches and vibrant culture. The city is also known for its high quality of life and is considered one of the most livable cities in Latin America. Uruguay has a straightforward and welcoming immigration policy, and it is relatively easy for foreigners to obtain residency. However, it's important to understand the local laws and regulations, especially those related to taxes and property ownership. The cuisine in Uruguay is heavily meat-based, with beef being a staple in many dishes. Vegetarians and vegans may find fewer options, but the food scene is evolving. Public transportation in Montevideo is reliable and affordable, and the city is also very walkable. However, owning a car can be expensive due to high import taxes. Uruguayans are known for their friendly and laid-back attitude, but they also value respect and politeness. Understanding and adapting to the local customs and etiquette can help expats integrate more easily into the local community. Finally, it's important to note that while Uruguay is generally safe, petty crime such as pickpocketing and theft can occur, especially in tourist areas. Therefore, it's advisable to take standard precautions to protect your belongings," said another expat in Montevideo, Uruguay.